Central Banks
Poland Keeps Interest Rates Unchanged as Focus Shifts to Economic Slowdown
- Easing inflation leaves room to pause for third straight month
- Decision meets expectations of economists in Bloomberg survey
Adam Glapinski, governor of Poland's central bank
Photographer: Piotr Malecki/BloombergThis article is for subscribers only.
Poland’s central bank left interest rates unchanged for a third meeting after inflation unexpectedly eased as policy makers turn their focus to slowing economic growth.
The decision to leave the benchmark at 6.75% was expected by all 30 economists surveyed by Bloomberg, reinforcing the sense that the cycle of increases that hoisted the borrowing costs to the highest level in a decade is over. Investors are predicting that the next move will be a rate cut late next year.